ITF Trust Annual Report and Financial Statements 2022 14
Note(s) 2022
$000
2021
$000
Non-current assets
Intangible assets 23 2,355 2,767
Property, plant and equipment 24 289 311
Right-of-use assets 26 85 634
Deriva ve financial instruments 30 83 –
Security deposit – restricted cash 31 25,390 25,379
28,202 29,091
Current assets
Inventories 27 90 265
Trade and other receivables 28 29,472 15,840
Investments 29 40,679 65,365
Cash at bank and in hand 19,319 14,951
89,560 96,421
Total assets 117,762 125,512
Current liabili es
Trade and other payables 32 49,993 46,490
Lease liabili es 26 71 693
Deriva ve financial instruments 33 1,897 163
Total current liabili es 51,961 47,346
Total assets less current liabili es 65,801 78,166
Non-current liabili es
Lease liabili es 26 – 79
Provisions 34 200 519
Deferred income (Olympics) 35 – 7,757
Security deposit 31 25,390 25,379
Total non-current liabili es 25,590 33,734
Net assets 40,211 44,432
Represented by
Total equity 40,211 44,432
The notes on pages 17 to 39 are an integral part of these consolidated financial statements.
The financial statements on pages 12 to 39 were approved by the Board of Directors on 21 March 2023 and signed on its behalf by:
David Haggerty René Stammbach
President Chairman, Finance & Audit Commi ee
at 31 December 2022
Consolidated Statement of Financial Position
